All American Pet Company Inc (AAPT)

[BettingAngles]

AAPT: TERRIBLE INVESTMENT

http://biz.yahoo.com/e/130617/aapt10-k.html

"The Company has never operated at a profit and is dependent upon additional financing to remain a going concern. Although the Company obtained approximately $3,000,000 from the sale of the Company's unregistered common stock during 2012, the Company requires substantial capital to execute its business plan and pay its debts. The Company remains under significant financial strain primarily because of its low level of sales, past due debts and limited operating funds. The limited amount of operating capital may preclude the Company's ability to execute its manufacturing, marketing, and distribution objectives or to continue operations. No assurance can be given that the Company will secure adequate funds to sustain operations or that it will continue as a going concern."

Yet, Barry and Lisa pay themselves "calculator shaking" salaries. They run AAPT like a corrupt country. As long as they have the bling, screw the common Investor. AAPT SHOULD HAVE NEVER GONE PUBLIC. They don't have the self discipline to be a public Company. Next episode of "American Greed" is in full production..